Nigerian market Pulls Back marginally with positive breadth

The Nigerian stock market closed Monday’s session on a bearish note, reversing part of Friday’s modest rebound as profit-taking in some blue-chip stocks dragged the market lower

The All Share Index was retract marginally by 0.01% to close at 166,112.50 points from the previous close of 166,129.50 points.

The Market Capitalisation declined by 0.01% to close at N106.343 trillion from the previous close of N106.354 trillion, thereby shedding N11 billion.

An aggregate of 630 million units of shares were traded in 57,858 deals, valued at N14.8 billion.

The Market Breadth closed positive as 44 equities emerged as gainers against 24 equities that declined in their share prices.

Percentage Gainers

LEARNAFRICA, Champion Breweries and NCR led other gainers with 10.00% growth each to close at N7.15, N19.25 and N141.40 respectively.

TRIPPLEG and NEIMETH among other gainers also grew their share prices by 9.94% and 9.90% respectively.

Percentage Losers

IMG Plc led other price decliners as it shed 9.95% of its share price to close at N34.85 from the previous close of N38.70.

HMCALL, Living Trust Insurance and Ikeja Hotel among other price decliners also shed their share prices by 9.88%, 9.57% and 7.28% respectively.

Volume Drivers

Secure Electronic Technology traded about 83 million units of its shares in 493 deals, valued at N98 million.

ACCESSCORP traded about 53 million units of its shares in 2528 deals, valued at N1.2 billion.

Jaiz Bank traded about 40 million units of its shares in 4607 deals, valued at N339 million.